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Regional Policy Forum on Trade Facilitation and SMEs in Times of Crisis Beijing, China – 20-22 May 2009. Session 4: Customs Procedures and Trade Logistics for SMEs “Trade Logistics Services: Importance of Trade Logistics and Global Supply Chain for SME Competitiveness!”. By James Goh
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Regional Policy Forum on Trade Facilitation and SMEs in Times of CrisisBeijing, China – 20-22 May 2009 • Session 4: Customs Procedures and Trade Logistics for SMEs • “Trade Logistics Services: Importance of Trade Logistics and Global Supply Chain for SME Competitiveness!” By James Goh Region Vice President – Asia Pacific Region International Trade Services
Outline • Introduction • The Emergence of a New Global Economic Landscape • The Reality of Globalisation • The New Global Customers • The Emerging Global Trade and Business Process • The Areas that are Important to Global Trade and the Competitiveness of SMEs • Summary and Conclusion
Introduction • Trade and Investment Liberalization • Business Facilitation • Economic and Technical Cooperation • New Challenges • Addressing the Security Agenda • Structural Reform • Addressing Pandemic Health Threats • Addressing Sub-regional Trading Arrangements • Reforming APEC • Catch phrase – in Times of Crises! • Within this decade – two significant • crises • The events of 911 in 2001 • The economic and financial tsunami • of 2008
The Emergence of a New Global Economic Landscape • • Two crises have reshaped the world. • A New World Order has taken shape. • Changed the global economy and the way global • business is done. • Border Protection and Homeland Security • became a way of life. • Global commerce is at a cross-road. • Old business models and processes and • strategies are being re-examined and rewritten. • Old rules no longer apply. • New dynamics and challenges.
The Reality of Globalisation • Trade and Investment Liberalization • Business Facilitation • Economic and Technical Cooperation • New Challenges • Addressing the Security Agenda • Structural Reform • Addressing Pandemic Health Threats • Addressing Sub-regional Trading Arrangements • Reforming APEC • Goods and Services move across International • Borders. • - Production most cost efficient. • - Economic climate conducive to FDI. • - Emergence of Cyber Economy. • Technology, Ecommerce and Internet shifting • global trade. • Internet pushes new global economy into new • frontiers. • Goods and services move across “virtual • borders”.
The New Global Customers • New set of global customers mindset. • Meet competitive global business environment. • Meet intense competition. • Mass customisation. • Getting the right product to the right place at • the right time for the right price!
The Emerging Global Trade and Business Process • Trade and Investment Liberalization • Business Facilitation • Economic and Technical Cooperation • New Challenges • Addressing the Security Agenda • Structural Reform • Addressing Pandemic Health Threats • Addressing Sub-regional Trading Arrangements • Reforming APEC • - No longer business as usual! • Old business models and processes must be re- • examined and rewritten. • Speed and predictability. • Technology facilitates global trade. • Borderless Trade.
Areas important to Global Trade and Competitiveness of SMEs • Develop a more resilient trade logistics and • global supply chain and examine best • practices. • Be cognisant of rising risk to trade logistics • and global supply chain resilience. • Build core competencies. • Be in “Control”. • Build strategic partnership.
Summary and Conclusion • Trade and Investment Liberalization • Business Facilitation • Economic and Technical Cooperation • New Challenges • Addressing the Security Agenda • Structural Reform • Addressing Pandemic Health Threats • Addressing Sub-regional Trading Arrangements • Reforming APEC • - A New World Order has emerged. • - We are faced with a New Global Economic Landscape. • - Global commerce is at a cross-road. • We must stay in tune with the emergence of a new • global economic and business process. • We must be more resilient in our business and • examine the state of our best practices. • To remain and be competitive, we must be in control of • our business and continue to build on our core • competencies.
Thank You ! • Xie Xie !